The Latvian tax system is the most attractive among the three Baltic states and ranks 13th by the Total Tax and Contribution Rate (TTCR) among 190 world countries covered by the latest Paying Taxes report produced by PricewaterhouseCoopers (PwC) auditors and the World Bank Group, lsm.eng.lv reports.
The Paying Taxes 2018 report ranks Estonia 14th and Lithuania 18th.
In Latvia, the TTCR is 35.9 percent, the time spent on tax compliance is 169 hours and the number of the required payments is seven. In Estonia, it is 48.7 percent, 50 hours and eight payments. In Lithuania, it is 42.7 percent, 109 hours and 11 payments.
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